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keeping tabs on peaceful americans who are trying to loosen wall street's death grip on our economy and government in just a moment what do new f.b.i. documents reveal about the agency's surveillance on the occupy wall street movement also president obama cut short his hawaiian vacation to get back to fiscal cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the funerals for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we did tonight with occupy wall street during the heyday of the occupy movement last year if you were lucky enough to walk through one of the encampments says i was frequently here at occupy d.c. good to see a community built as an example of what our nation should be striving for you would've seen hell. care provided for
keeping tabs on peaceful americans who are trying to loosen wall street's death grip on our economy and government in just a moment what do new f.b.i. documents reveal about the agency's surveillance on the occupy wall street movement also president obama cut short his hawaiian vacation to get back to fiscal cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave...
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now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news fo
now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing...
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why does this to say he's working for the government? eric: we just got some breaking news from toyota motors, according to our friends at the "wall street journal" settled a class-action lawsuit about acceleration $1.1 billion, we will keep our eye on that stock. wthe figures outraged initially the report a spontaneous protest over at that video? wait until the critics hearsecr this. resigning his post on the attack is reportedly still working for the government and the other through officials suspended are slated to return to their jobs.r they're still working for the government. b >> they said heads are to roll. things are really going to happen. here's not a shock. no accountability, lack of consequences, doesn'tce happen. eric: apparently the assistant secretary of state changed jobs, went across the office and to another desk. >> exactly. also kind of parse the words.o a very difficult to get fired from the federal government. it is a very secure long-term position. no matter how egregious the problems are, and that's report pointe
why does this to say he's working for the government? eric: we just got some breaking news from toyota motors, according to our friends at the "wall street journal" settled a class-action lawsuit about acceleration $1.1 billion, we will keep our eye on that stock. wthe figures outraged initially the report a spontaneous protest over at that video? wait until the critics hearsecr this. resigning his post on the attack is reportedly still working for the government and the other through...
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you say i've been elected, but let's govern. >> but is obama willing to negotiate? >> is the senate willing to negotiate? >> no matter what you put up there, if it doesn't start with $250,000, it's not going to pass. >> wait a second, obama went up to $400,000. >> what's he done on entitlements? >> he did the change cpi that would bring it down. >> that's not true. >> no. listen, he did nothing. john boehner has conceded some things. the last move, not a smart one. >> can we talk more about vampires? >> we can. only during the commercial break. >> oh, okay. >> and now a word from our sponsor. is it okay to fire an employee for being simply irresistible? greg has had this problem over and over but he is still here. we will tell but it next. >> after working so many years side by side, i didn't have any idea that that would have crossed his mind. ♪ [ male announcer ] imagine facing the day with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage
you say i've been elected, but let's govern. >> but is obama willing to negotiate? >> is the senate willing to negotiate? >> no matter what you put up there, if it doesn't start with $250,000, it's not going to pass. >> wait a second, obama went up to $400,000. >> what's he done on entitlements? >> he did the change cpi that would bring it down. >> that's not true. >> no. listen, he did nothing. john boehner has conceded some things. the last...
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they are just sticking to one principle, limited government. they look at something with no principles like occupy wall street to elevate them as heroes. principles that are mold. >> andrea: republicans might have reason to fret, too. the leader, speaker john boehner and the approval rating is lower than speaker pelosi. who is a vampire. 51% boehner unfavorable. juan, you said people say boehner is safe and i have been hearing opposite. i like boehner. tough situation. trying to herd cats. i don't agree what we did the other day to put a bill on the floor he doesn't have support for. but you think he won't hold on. >> juan: i think he will hold on. i don't think there is enough time before january 3 to line up. what happened to john boehner, my gosh, they -- his troops abandoned him. >> andrea: mccarthy is the whip. he should know how many works he has. >> juan: he works for boehner. >> kimberly: but he goes back -- it was a mess. >> juan: the dynamic didn't make sense. this goes back to what eric said. he, what everybody on the far right side
they are just sticking to one principle, limited government. they look at something with no principles like occupy wall street to elevate them as heroes. principles that are mold. >> andrea: republicans might have reason to fret, too. the leader, speaker john boehner and the approval rating is lower than speaker pelosi. who is a vampire. 51% boehner unfavorable. juan, you said people say boehner is safe and i have been hearing opposite. i like boehner. tough situation. trying to herd...
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its regional government says iraq's central government has underpaid its share of export revenue. the export halt affects about 100 thousand barrels of crude every day. >>> terrorist cell arrests and shiftdown hurt oil futures as they hit a two-month high. crude settled up more than 2 1/2%, closing at $90.98 a barrel. we'll turn our attention attention to something less economic oriented but something certainly important. that's syria. one of syria's top generals defected alleging chemical weapons are being used by the assad regime against rebels. has the u.s.'s red line for intervention been crossed? details coming up on that. >>> thousand of union dock workers could bring ports across the gulf coast and eastern seaboard to a standstill starting this weekend. details how that could shipwreck busissesacross the united states coming up. do you ever have too much money? i think not. ♪ adam: a top syrian general stunning the assad regime defecting to the side of the bels. in a videotaped statement that general claims assad's forces used chemical weapons against syrian citizens. the
its regional government says iraq's central government has underpaid its share of export revenue. the export halt affects about 100 thousand barrels of crude every day. >>> terrorist cell arrests and shiftdown hurt oil futures as they hit a two-month high. crude settled up more than 2 1/2%, closing at $90.98 a barrel. we'll turn our attention attention to something less economic oriented but something certainly important. that's syria. one of syria's top generals defected alleging...
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, that we actually pay our bills as a government, that we find a balanced approach going forward. john boehner knows the votes from some of the republicans and some of the democrats can happen. and he's been unwilling to do that. >> do you think it's good -- >> it's hurting this country. >> is it good at this point in the process for harry reid to go on the senator floor and bash speaker boehner? does that not send a message this close to the deadline? >> he's trying to make it clear and i'm trying to make it clear that john boehner can't just say i'm not in there. of course, he is a player in this. if he does not work with the senate, work with the president and, again, the president has time and time again said we have some common ground here. if the republicans do agree, and they say they do, that they do not want to see tax rates go up on the american people, well, the president said let's make sure that we vote on that. 98% of americans can be protected from a tax increase. we can protect seniors under medicare by making sure that 30% cut to the providers don't go through. th
, that we actually pay our bills as a government, that we find a balanced approach going forward. john boehner knows the votes from some of the republicans and some of the democrats can happen. and he's been unwilling to do that. >> do you think it's good -- >> it's hurting this country. >> is it good at this point in the process for harry reid to go on the senator floor and bash speaker boehner? does that not send a message this close to the deadline? >> he's trying to...
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that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made, rev, is a very good one. the president did move with entitlements and it did anger a cig n significant portion of his base. but the president agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of gdp. he knows we can't asked the republicans to raise it 1.2, 1.3 trillion in revenue. he's reached out and made cig nif kant concessions and the response to that was nothing. it is pathetic. >> jaret, let me ask you, if we go over the cliff, what ps? is there not an immediate impact on people with unemployment insurance and other things? i mean, what happens if we go over this cliff? >> well, you really have to distinguish between going over the cliff and quickly reversing the damage, meaning in a matter of weeks, which is still
that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made, rev, is a very good one. the president did move with entitlements and it did anger a cig n significant portion of his base. but the president agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of...
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th is difficult to get fired from the government. as the report pointed out this is a sysmic failures. the assistant secretary of state for diplomatic security, where according to admiral mullen and those who wrote the report is wher the rubber hit the road. he basically, instead of resigning -- most people think of resigning, you walk out the door and find a new job. the other three are reassigned. put on ice. this is nothing new. i don't want this to sound like the first time this has happened. it's not. >> this reminds me of the fast and furious situation where there were agents in the field along the border. we heard, fired or let go. but holder brought them back to washington, d.c. to work at a desk instead of the field. >> the were repositioned. whether it's that or something serious like this where people lost their lives, you get shuffled around. but this is indicative of the way e administration oddly has been dealing with the benghazi pricious the start. there is an inabilityo speak the truth. everybody thought what they th
th is difficult to get fired from the government. as the report pointed out this is a sysmic failures. the assistant secretary of state for diplomatic security, where according to admiral mullen and those who wrote the report is wher the rubber hit the road. he basically, instead of resigning -- most people think of resigning, you walk out the door and find a new job. the other three are reassigned. put on ice. this is nothing new. i don't want this to sound like the first time this has...
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that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman. also if we go over the cliff, and the spending cuts begin to take hold, the various agencies of the federal government can consider putting employees on furlough. meaning they take unpaid days off. that's considered a better alternative than layoffs, if we don't get a deal quickly, the furloughs will have to become layoffs, that will mean real pain. >>> the great question is how quickly that pain will begin. would it hurt the real economy before we get a deal? or would the prospect of pain create such pressure, would congress change course before we feel it. the strategy of the folks who want to
that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman....
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they are just sticking to one principle, limited government. they look at something with no principles like occupy wall street to elevate them as heroes. principles that are mold. >> andrea: republicans might have reason to fret, too. the leader, speaker john boehner and the approval rating is lower than speaker pelosi. who is a vampire. 51% boehner unfavorable. juan, you said people say boehner is safe and i have been hearing opposite. i like boehner. tough situation. trying to herd cats. i don't agree what we did the other day to put a bill on the floor he doesn't have support for. but you think he won't hold on. >> juan: i think he will hold on. i don't think there is enough time before january 3 to line up. what happened to john boehner, my gosh, they -- his troops abandoned him. >> andrea: mccarthy is the whip. he should know how many works he has. >> juan: he works for boehner. >> kimberly: but he goes back -- it was a mess. >> juan: the dynamic didn't make sense. this goes back to what eric said. he, what everybody on the far right side
they are just sticking to one principle, limited government. they look at something with no principles like occupy wall street to elevate them as heroes. principles that are mold. >> andrea: republicans might have reason to fret, too. the leader, speaker john boehner and the approval rating is lower than speaker pelosi. who is a vampire. 51% boehner unfavorable. juan, you said people say boehner is safe and i have been hearing opposite. i like boehner. tough situation. trying to herd...
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what they campaigned against was spending money on government, that is what taxes are. got it? and that's hardball for now, thanks for being with us "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drum
what they campaigned against was spending money on government, that is what taxes are. got it? and that's hardball for now, thanks for being with us "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to...
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they were government documents. jeremy hammond was private security company, summit that was part of it. maybe it came -- because it can later or he was not in the military. right now the government is trying to make an example out of all three of these people. they have jeremy hammond with no bail in federal detention. >> metropolitan detention center. >> which is in manhattan. you have bradley manning finally moved to leavenworth where his conditions are better than they were at quantico, for sure. but is in prison. you have julian assange annette ecuadorean embassy. what the government is trying to do is destroy the idea of the government's secrets and its corruption and crimes ought to be known and get the whistleblowers and publishers were doing it. we see across the board that these three are the ones they're obviously focused on, putting them away for as long as they can. >> michael ratner is president emeritus of the center for constitutional rights and a lawyer to julian assange and wikileaks. he recently r
they were government documents. jeremy hammond was private security company, summit that was part of it. maybe it came -- because it can later or he was not in the military. right now the government is trying to make an example out of all three of these people. they have jeremy hammond with no bail in federal detention. >> metropolitan detention center. >> which is in manhattan. you have bradley manning finally moved to leavenworth where his conditions are better than they were at...
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a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60 days. it's an arbitrary and useless statute. denmark i think is the only other country that has something like that. this would be gamesmanship of the most dangerous kind. i hope nobody is going to play that game. i know the president said he is not going to play that game. if the republicans think they use that as leverage, they do that at their own risk. >> congressman, good luck to the cardinals. take care. >> thank you, luke. >> we are keeping our eye on how the stalemate is playing on wall street and president george hw bush is now
a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60...
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the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not raise the borrowing limit and default. we heard talk about social security payments not going out and that kind of thing. that's all led to the first downgrade in the u.s. credit rating, the stock market tanked. that was a ugly scenario. on top of the fiscal cliff, we may go through this all over again. it's another drag on the markets and on the whole economy at exactly the wrong time. >> when you say drag, though, give us an example of what you mean. we talked about january 2nd, everybody goes back to work and markets open. are we going to see a lot of volatility. all of a sudden it crashes do
the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not raise the borrowing limit and...
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will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have claimed those sanctions are working but they are but not on the regime. they work on the people who are underdress. the regime has taken a van should stage -- advantage of the sanctions they have the leverage to syria supporting the assad regime and to love and on and destabilizing the arabian peninsula. they're doing a lot of expansion. tracy: you are so terrific t30. if it is going to be safer you answered no where close. please come back. >> happy new year. lori: the u.s. markets, not really. nothing new. the losses are getting worse 130 points on
will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have...
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shifting the debt burden from the federal government and states and federal government is a better position to carry debt. states have these constitutional balance budget amendments and bail out the states, isn't it? >> this is exactly the problem we have is that the government finds it easy to borrow and runaway deficit. let me explain the big thing. a project in the uk where we have good data, 100 million pounds, uk project, 30% more cost overruns than 5 million project. small is beautiful and more efficient than you think. so having the government, centralized one bureaucrat make a mistake, okay, massive consequences. it looks okay until they make a mistake. it's a lot bigger. plus, another thing. there's no skin in the game on a part of bureaucrats. bureaucrat makes a decision. that's the central thing. federalize the system and i was asked how to make the financial industry better. force people to have skin in the game. nrds, have people harmed by the mistakes. >> sure. >> you are not harmed as a bureaucrat, not harmed by the bureaucrat. a mayor, you're shamed. that's maybe enough, jus
shifting the debt burden from the federal government and states and federal government is a better position to carry debt. states have these constitutional balance budget amendments and bail out the states, isn't it? >> this is exactly the problem we have is that the government finds it easy to borrow and runaway deficit. let me explain the big thing. a project in the uk where we have good data, 100 million pounds, uk project, 30% more cost overruns than 5 million project. small is...
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a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what happened? >> i think tiffany's a little bit different than some of the other luxury goods company. tiffany overall is working on its product, silver business which is a high margin category. didn't have enough novelty and newness in it and hopefully that's something they can fix for next year. >> wasn't just me then? >> not just you. >> exactly. >> i noticed that, yeah. >> dana on that point, the companies for stocks like tiffany's, what about aptitude in places like china in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you
a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what...
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they say they are a governing party and they right now are causing the government to completely rewire the way that it deals with the deficit. and they say that there is pain in that process. but the long-term debate and the reason why they don't need to be inside the meeting room is they've got so many of the people in that room afraid of them that we are having a debate between how much to cut the deficit and not to do jobs or stimulus and the things paul reuben talks about. >> they've had an impact, but it's not a governing agenda in terms of accomplishments that would get to their goal of deficit reduction and long-term economic growth. >> on that point, why not? >> because they're standing in the way of allowing that to happen. they're saying you can't come to an accommodation on the issue of taxes. if you can't do that, there's no way you can -- >> well, i would disagree with you and disagree with ben a little bit. what they've proved in the fist year is if you do hold certain things hostage, you can get results. and we already have $1 trillion worth of debt reduction because of
they say they are a governing party and they right now are causing the government to completely rewire the way that it deals with the deficit. and they say that there is pain in that process. but the long-term debate and the reason why they don't need to be inside the meeting room is they've got so many of the people in that room afraid of them that we are having a debate between how much to cut the deficit and not to do jobs or stimulus and the things paul reuben talks about. >> they've...
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first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't want to be partisan about this. one factor that can help is tax policy, but the broader issue is jobs. people at the top are earning much more than they ever have. >> talks to that point about tax policy, the numbers out there, is it 250,000? is it 400,000? what is the threshold that would help to flatten this issue of income inquaet, be more progressive, perhaps? >> i think it would help to, at the top, to increase the rates. i think there's a need for training. we looked at two states along with washed. we looked at massachusetts and indiana. it's a skills economy. the manufacturing jobs where a high
first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't...
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people who believe in government will remember. the people who believe in national defense and social security and medicare will remember. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who listens to the voter, who respects the voter, and who thumbs his nose at the voter and that ladies and gentlemen of the tea party right is you. we go over this cliff and you will not have to ask for whom the bell tolls, it willing tolling for you. leading off tonight josh green and chris frats of national journal. you don't have to be as clear as i, but try, gentlemen, tonight. it looks to me like one party, guns again it's asymmetric. both parties are not screwing around, one is. is that true? >> i think both parties want to go over the cliff. >> both want to go over the cliff? who will get blamed. >> i think republicans will get blamed but i think republicans at this point fear casting a career-threatening vote to raise taxes instead of waiting four days and letting the c
people who believe in government will remember. the people who believe in national defense and social security and medicare will remember. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who listens to the voter, who respects the voter, and who thumbs his nose at the voter and that ladies and gentlemen of the tea party right is you. we go over this cliff and you will not have to ask for whom the bell tolls, it willing...
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government is sponsoring some of the political protests against president putin's presidency. so we're in that kind of phase that unfortunately we're in very frequently in the u.s.-russian relationship. if we look back over the last 20 years, since the collapse of the soviet union, we've constantly tried to reset the relationship with russia and time and again after a brief period of you poor ya about a new partnership or start, we end up within several months to a year of being right back again to some kind of spot over spying, over legislation that's perceived as a double standard by the russians or over some large issue. there's many irritants, unfortunately, in the relationship. >> suarez: fiona hill, lauren koch, thank you both. >> thank you. >> brown: next, the european financial crisis as it's playing out at street level. i had a chance to see for myself recently on a reporting trip to athens. for nearly two decades, stelios karagilanis, a father of two, headed a family-owned construction company. today, his business closed, he is forced to accept free medical care and
government is sponsoring some of the political protests against president putin's presidency. so we're in that kind of phase that unfortunately we're in very frequently in the u.s.-russian relationship. if we look back over the last 20 years, since the collapse of the soviet union, we've constantly tried to reset the relationship with russia and time and again after a brief period of you poor ya about a new partnership or start, we end up within several months to a year of being right back...
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one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people? was it never pointed out to them in any way, shape or form war where republicans portrayed as just mean and stingy and hurting people all costs? what is going on here? >> as you and i have discussed republicans have seeded cultural ground especially on college campuses. mitt romney and paul ryan rarely made an appearance and rarely made conservative ideas, free market ideas palatable to younger voters and talk about things, investing in a social security system that won't be around for them. i think we have allowed liberals or conservatives have allowed liberals to take the pop cultural game and
one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people?...
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was focus on certain members of his base coalition, give them extraordinary financial gifts from the government, and then work very aggressively to turn them out to vote, and that strategy worked. >> that explanation got mitt romney attacked and condemned by the likes of bobby jindahl and other republicans. they're now trying a new approach. tag romney said this about his father. he wanted to be president less than anyone i knew in my entire life. he had no desire to run, says tag, who worked with his mother and to persuade his father to seek the presidency. if he could have found someone else to take his place, he would have been ecstatic to step aside. too bad he never told newt gingrich that. joining me now, msnbc's joy reed. i'm on the verge of feeling sorry for them, trying to come up with these crazy reasons about why he lost. and now they want to pretend that this guy who lived his whole life in order to run for president didn't really want to run for president. >> yeah, i know, lawrence. there is nothing more failing than failing to win something and say, i didn't want to win, anyway. w
was focus on certain members of his base coalition, give them extraordinary financial gifts from the government, and then work very aggressively to turn them out to vote, and that strategy worked. >> that explanation got mitt romney attacked and condemned by the likes of bobby jindahl and other republicans. they're now trying a new approach. tag romney said this about his father. he wanted to be president less than anyone i knew in my entire life. he had no desire to run, says tag, who...
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government. >> so true. we also can look at the difference and say, well, maybe holiday discretionary spending wasn't as strong, but retail spending generally held up okay. maybe not the best sign tore some of the retailers, back up not a reason to completely lose faith in the u.s. consumer. we should point out this disparity we've seen where capital spending, goods for new capital orders have been weak and retail sales have been relatively strong. labor income has held up okay. frankly, when you look at 2013, the outlook for that to continue looks recently good. >> well, sure. and the other thing we'll look forward to is the number on jobless claims. they were back to their prehurricane level suggesting that the labor market hasn't fallen out of bed. there will be an interesting announcement coming out of the irs sometime between now and the end of the year which will be very important. they're going to give guidance to employers on what will be the tax withholding rates for 2013. under the laws, those with
government. >> so true. we also can look at the difference and say, well, maybe holiday discretionary spending wasn't as strong, but retail spending generally held up okay. maybe not the best sign tore some of the retailers, back up not a reason to completely lose faith in the u.s. consumer. we should point out this disparity we've seen where capital spending, goods for new capital orders have been weak and retail sales have been relatively strong. labor income has held up okay. frankly,...
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an interest group out of control, not a government. democrats, even red state democrats, take note, sandy hook put a face on unlimited gun rights and an nra run amok. it's time to stop being afraid of the nra. time to stop changing the subject when guns are brought up. you, democratic politicians, can run on common sense gun restrictions, and you can win. for the first time in decades, there is now a political price to be paid for gun extremism, and i have got an idea for your first commercial. did you happen to see wayne lapierre on "meet the press"? that does it for us on "the cycle." karen finney is in the chair for martin bashir and it is all yours. >> thanks, krystal. good afternoon. i'm karen finney in for martin bashir on this thursday, december 27th. the president is back in washington, the senate is working against the clock, and speaker boehner, yeah, he's m.i.a. >> no new negotiations are scheduled. >> congress has five days to strike a deal before the end of the year deadline. >> they're calling it the fiscal cliff. [ speak
an interest group out of control, not a government. democrats, even red state democrats, take note, sandy hook put a face on unlimited gun rights and an nra run amok. it's time to stop being afraid of the nra. time to stop changing the subject when guns are brought up. you, democratic politicians, can run on common sense gun restrictions, and you can win. for the first time in decades, there is now a political price to be paid for gun extremism, and i have got an idea for your first commercial....
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let's make the government do what american citizens have to do when things get bad. we have to tighten our belts. why doesn't the government have to do the same thing? that would be the first thing to do. i'm willing to bet we could get enough cuts in there that we could get us down to a balanced budget within a fairly short time. >>> judson phillips, great to have you on this morning, sir. thanks for your time. >> thomas, as always, thank you. >>>. mayor of marlboro new jersey coming uncriticism. the mayor will join mess next in studio. our big question -- should teachers be allowed to carry concealed weapons? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, yo
let's make the government do what american citizens have to do when things get bad. we have to tighten our belts. why doesn't the government have to do the same thing? that would be the first thing to do. i'm willing to bet we could get enough cuts in there that we could get us down to a balanced budget within a fairly short time. >>> judson phillips, great to have you on this morning, sir. thanks for your time. >> thomas, as always, thank you. >>>. mayor of marlboro new...
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we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you both. next up, we have good news on the housing front. the latest word from the commerce department has new-home sales at at the highest level we have seen in more than two years. new single-family home sales increased by 4.4% last month from october. it showed home prices up nearly 7% for this year. the winter blast that wrecked lives in the south and kept most of the nation at home and caused the death of about six people over christmas makes one last stop in the northeast. first, let's take a look at the treasury markets. we do not see a lot of a
we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you...
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do you want to invest in a country whose government isn't functioning? i don't think so. so, we could get a big market reaction, a drop in the stock market, and that might scare people. >> "the rachel maddow show" week nights at 9:00 eastern right here on msnbc, the place for politics. >>> home prices on the rise, syria's head of preventing defections decides to defect. your headlines are straight ahead. plus, connecting the dots on sonia sotomayor, health care and a fine. you're watching "first look." >>> some stories making news this morning. toyota says it's reached a more than $1 billion settlement in a case involving unintended acceleration problems in its vehicles. it's one of the largest settlements involving automobile defects in u.s. history. >>> supreme court justice sonia sotomayor has denied two retailers' requests to block part of the federal health care law that requires insurance coverage for contraceptives as of january 1st. the companies, which say the law violates their religious beliefs, face a $1.3 million daily fine if they don't comply. >>> 94-year-o
do you want to invest in a country whose government isn't functioning? i don't think so. so, we could get a big market reaction, a drop in the stock market, and that might scare people. >> "the rachel maddow show" week nights at 9:00 eastern right here on msnbc, the place for politics. >>> home prices on the rise, syria's head of preventing defections decides to defect. your headlines are straight ahead. plus, connecting the dots on sonia sotomayor, health care and a...
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to close the government. we are in a season where we need to act. >> you, congressman -- >> on something concrete. >> i didn't mean to interrupt you there but it sounds like you think it's a deliberate attempt to take the economy, the government. >> yeah. 55. the tea party members. not john boehner. john boehner's allowed himself to be captured by the fellows. he is above and beyond that. i think he's basically trying to do the right thing but he can't get a vote out of his own party for his own legislation. who does he turn to? the president of the united states? more worried about getting a proposition from the president to turn down then what proposition is he talking about? i think the president has been more than willing to compromise and the democrats in the house of representatives. we need 30 votes to get beyond our 190 that we have now. 191 in the house and 218 to pass anything. i think if harry reid does it, fine. let him do it. we need to think of what the country needs more than what each party do
to close the government. we are in a season where we need to act. >> you, congressman -- >> on something concrete. >> i didn't mean to interrupt you there but it sounds like you think it's a deliberate attempt to take the economy, the government. >> yeah. 55. the tea party members. not john boehner. john boehner's allowed himself to be captured by the fellows. he is above and beyond that. i think he's basically trying to do the right thing but he can't get a vote out of...
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based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but philosophy's main spokesman is this man. grove norquist, whose pledge signed by almost all republicans in congress forbid them from raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nations's debt ceiling. without a deal, the u.s. would lose its ability to borrow money. they deploy the tactics that nearly shut down the government and ultimaty cost america its aaa credit rating for the first time in history. in a last minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional super committee. a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect starting january 2013. at the exact moment when the bush tax cuts extended for two ye
based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but philosophy's main spokesman is this man. grove norquist, whose pledge signed by almost all republicans in congress forbid them from raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nations's debt ceiling. without a deal, the u.s. would lose its ability...
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that's when the government reaches its legal borrowing limit. the government can operate for a few weeks using emergency measures, but congress needs to act quickly to avoid a full-blown crisis. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. [ male announcer ] glucerna hunger smart. [music: artist: willy moon ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! neural speeds increasing to 4g lte. br
that's when the government reaches its legal borrowing limit. the government can operate for a few weeks using emergency measures, but congress needs to act quickly to avoid a full-blown crisis. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help...
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pile on top of that government benefits. i'm talking about social security checks and military payments. who could forget what happens when lawmakers raised the debt ceiling last summer but not until the last minute. that caused a credit downgrade for the u.s. and a huge selloff for the market. the thing is, suzanne, it could come down to the wire once again, yet another nail-biter. suzanne? >> a >>al >> alison, it could cause a ripple effect. >> yeah, but the markets won't take that well. it's more of the saving kick the can down the road. if there's band-aid measure that goes in, that's not what the market is going to necessarily see. they want to see something stronger with the if is cal cliff and the debt ceiling as well and it seems that everything is sort of being held hostage in the whole fiscal cliff discussions and the debt ceiling has become part of that as well. suzanne. >> the president is saying he's not going to allow that to happen. there are other headlines we're keeping our eye on for this thursday. others f
pile on top of that government benefits. i'm talking about social security checks and military payments. who could forget what happens when lawmakers raised the debt ceiling last summer but not until the last minute. that caused a credit downgrade for the u.s. and a huge selloff for the market. the thing is, suzanne, it could come down to the wire once again, yet another nail-biter. suzanne? >> a >>al >> alison, it could cause a ripple effect. >> yeah, but the markets...
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, overspending government. it is about ready to hit its debt ceiling the president might have won this election but he didn't win the authority to write a blank check to continue to spend and spend and spend, to hit the debt ceiling and then go blowing through it. there may not be much conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the president, to bring something that might have a chance of resolving these problems and maybe, they better think more about cutting spending before coming to us for more money. gregg: you know what, doug? karl rove wrote an op-ed in "the wall street journal" which he basically says, the president think it is all about him. the more mr. obama makes everything about him, the more stubborn he is likely to be when flexibility would be better. success requires adjustments, including a greater willingness to compromise and seek com
, overspending government. it is about ready to hit its debt ceiling the president might have won this election but he didn't win the authority to write a blank check to continue to spend and spend and spend, to hit the debt ceiling and then go blowing through it. there may not be much conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the...
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that is when the government reaches its legal borrowing limit. now, this could pose a bigger threat to the nation's credit rating than the fiscal cliff. treasury can keep the government operating for a few weeks using emergency measures, but congress needs to act on this too to avoid a full-blown debt crisis. alina cho. joins us with the ret of the top stories. >>> former president george h.w. bush remains in intensive care in a houston hospital with an elevated fever. he is on a liquid diet an his condition is listed as guarded. his spokesman quotes him as saying i'm determined not to be dprumpy with all of this. >>> toyota has agreed to pay up in a major way, $1.1 billion to settle a class action suit over sudden acceleration issues. under the deal toyota will install a brake override system in effective cars. it will also set up a fund of $250 million for former toyota owners who sold their cars from september of 2009 through all of 2010. that money would compensate owners for their car's reduced value because of bad publicity. also toyota's a
that is when the government reaches its legal borrowing limit. now, this could pose a bigger threat to the nation's credit rating than the fiscal cliff. treasury can keep the government operating for a few weeks using emergency measures, but congress needs to act on this too to avoid a full-blown debt crisis. alina cho. joins us with the ret of the top stories. >>> former president george h.w. bush remains in intensive care in a houston hospital with an elevated fever. he is on a...
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anti-government rebel fighters attacking a government base, and we are learning the international envoy seeking a solution to in this 21-month-old conflict is saying political change is needed immediately to end the violence which has already killed an estimated 44,000 people. leland vittert live for us from our mideast bureau with the latest on this. leland? >> reporter: harris, the peace envoy is trying to bring back a plan that was dead on arrival back in june. it doesn't look like there's any budging from either side. president assad still says that he is going to stay on and continue to fight there inside syria. the rebels say they will accept nothing short than the regime falling, all this amid the rebels continuing to make more and more advances, continuing to close the noose, if you will, on the battlefield especially around president assad's stronghold there in the capital of damascus. russia, though, is continuing to protect syrian president bashar al assad. obviously, that is the transitional plan that something along the lines of what the rebels would endorse would have assa
anti-government rebel fighters attacking a government base, and we are learning the international envoy seeking a solution to in this 21-month-old conflict is saying political change is needed immediately to end the violence which has already killed an estimated 44,000 people. leland vittert live for us from our mideast bureau with the latest on this. leland? >> reporter: harris, the peace envoy is trying to bring back a plan that was dead on arrival back in june. it doesn't look like...
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envoy calling for a transitional government run the country in order to end the conflict. russia's foreign minister mixon grimmer marks of such a plan actually working, saying that it still necessary to reach a peaceful solution. leland vittert has more on this. reporter: the russian foreign minister said that he feared that syria could turn into a bloody chaos that there was not some kind of negotiated settlement. many looking at the video that we see every day now coming out of syria. syria is already in a bloody chaos. more than 40,000 people killed. so far in this uprising. the death toll continues to rise every day. the rebels are now starting to gain momentum a little bit. pushing into damascus, some of the other larger cities. at the same time, the regime is growing more desperate and shelling of civilian areas and those kinds of things for the only lasswell might be the russians, who at some point could break away from this and getting their own traction. president bashir max as he is not leaving. the violence continues and we are at an impasse. there is now an inc
envoy calling for a transitional government run the country in order to end the conflict. russia's foreign minister mixon grimmer marks of such a plan actually working, saying that it still necessary to reach a peaceful solution. leland vittert has more on this. reporter: the russian foreign minister said that he feared that syria could turn into a bloody chaos that there was not some kind of negotiated settlement. many looking at the video that we see every day now coming out of syria. syria...
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but the government is 90% of the market. if you look at firms like ours we basically do ginnie mae and nonconfirming production. we'll do maybe a couple billion dollars this year. that's a drop in the bucket. this is still completely a government market. >> i asked john this question earlier, talking about some of the regulations from dodd-frank which haven't come into effect yet. of the 200 plus that are not on the books, what's the one or two that you're looking at that you think are a game changer. >> in terms of what? >> that may ultimately change some of the derivative stuff, what you think the impact of both -- >> we've talked about this. volcker has taken a lot of liquidity out of the market just in terms of -- >> but none of this is on the books. nobody's actually -- it's not there yet. >> the behavioral changes have already come because the lawyers have told the banks you have to live with the volcker rule. they've already done it. my big fear, though, is that the conservatives are trying to winnow down fannie, fred
but the government is 90% of the market. if you look at firms like ours we basically do ginnie mae and nonconfirming production. we'll do maybe a couple billion dollars this year. that's a drop in the bucket. this is still completely a government market. >> i asked john this question earlier, talking about some of the regulations from dodd-frank which haven't come into effect yet. of the 200 plus that are not on the books, what's the one or two that you're looking at that you think are a...
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to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimulus policy. the yen is sitting closes to the lowest level since september 2010 against the dollar. interesting here because now a lot of people are saying the best or the hottest trade in 2013 will, in fact, be long japanese stocks
to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top...
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is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a representation as to what they are going to do. i do know they are going to be discussing it just in a few minutes. >> what would you say [indiscernbile] >> i would say the most preferable path forward is to get us back in session, come here, sit down at the table, and reach a compromise agreement. an alternative, which is the simplest, pass the senate bill you want to correct a glitch in the senate bill from a procedural viewpoint, it will pasts the house, which will include a tax decrease on the first $200,000 of income of an individual, or $250,000 for a family. we could do that immediately.
is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a...
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government that sticks a gun to its head. sorry to use gun metaphors, but basically sticks a gun to its head and says we don't trust ourselves to legislate like normal people. even presidential commissions don't work anymore. what we've got to do is give ourselves artificial deadlines and bring ourselves to the precipice, create all sorts of uncertainty, create manufactured crises because without that pressure, we can no longer be counted on to do anything that remotely redecember bem zesembl thing. >> they're going to say okay, we can't do this all right now. let's set up a process for tax reform that will resolve itself in 2013. let's set up a process for entitlement reform in 2013 and create another trigger, sequestration, kicking the can down the road. but i would say one thing. what's interesting for me here is that republicans, by and large, have won this argument. they are getting a lot of spending cuts. they will get, if they want to accept it, some social security reform in terms of decreased benefits paid. it is def
government that sticks a gun to its head. sorry to use gun metaphors, but basically sticks a gun to its head and says we don't trust ourselves to legislate like normal people. even presidential commissions don't work anymore. what we've got to do is give ourselves artificial deadlines and bring ourselves to the precipice, create all sorts of uncertainty, create manufactured crises because without that pressure, we can no longer be counted on to do anything that remotely redecember bem zesembl...
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that's when the government reaches its legal borrowing limit. treasury can delay a debt crisis for a couple of weeks until february or march using emergency measures to keep the government operating until congress acts to fix this problem, too. >>> big news from toyota. they are announcing a record $1.1 billion settlement over that unintended accelerator issue which they say does not exist. toyota has always said it's been floor malts, stuck gas pedals and operator error but they're going to settle these cases to put it behind them. the bulk of the money will go to its customers past and present. they will install brake override systems for all vehicles identified by toyota as having a problem with the floor mats getting stuck. toyota set aside $250 million to compensate owners who sold their cars while their sales were plummeting over the bad p.r. and a separate 250 million will be used to compensate owners who don't qualify for that brake override system. finally, all 16 million current toyota owners will be eligible for a warranty on certain
that's when the government reaches its legal borrowing limit. treasury can delay a debt crisis for a couple of weeks until february or march using emergency measures to keep the government operating until congress acts to fix this problem, too. >>> big news from toyota. they are announcing a record $1.1 billion settlement over that unintended accelerator issue which they say does not exist. toyota has always said it's been floor malts, stuck gas pedals and operator error but they're...
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Dec 27, 2012
12/12
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how much money have you sent the government? >> a little bit over $3,000. >> reporter: $3,197.88, to be exact. all tracked on a hand-written ledger. the last three years, garcia has been paying the government $50 a month of his postal service pension and money from cans he collects. >> we are paying absolutely too much interest. >> reporter: it really bothers you? >> it bothers me, because it makes no sense. >> reporter: sense something garcia's wife of 59 years thinks her husband could use. do you think he's crazy? >> loco? >> reporter: call him crazy, but there is an entire federal office, the bureau of public debt, that collects money from hundreds of mr. garcias. this office in parkersburg, west virginia, was set up by president kennedy, so citizens could pay down the national debt. this year alone, it's collected $7.7 million in gifts, about $90 million since it was established. but $90 million isn't that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single am
how much money have you sent the government? >> a little bit over $3,000. >> reporter: $3,197.88, to be exact. all tracked on a hand-written ledger. the last three years, garcia has been paying the government $50 a month of his postal service pension and money from cans he collects. >> we are paying absolutely too much interest. >> reporter: it really bothers you? >> it bothers me, because it makes no sense. >> reporter: sense something garcia's wife of 59...